The Nikkei Average was trading approximately ¥700 lower in morning trading. M3, Fujifilm and Lasertec were among the biggest decliners among its constituents.
Shortly after 11 a.m. on the 7th, the Nikkei Stock Average was around ¥64,980, approximately ¥700 below the previous day’s close. Buying initially led the market on gains in the SOX Index and a weaker yen, but the index turned lower under selling pressure from investors selling into a rebound. The exchange rate was in the mid-¥158 range per US dollar, moving narrowly.
Among Nikkei 225 constituents, M3, Fujifilm, Lasertec, Furukawa Electric and Amada were among the biggest decliners, while Bandai Namco Holdings, Shiseido, Kuraray, Sapporo Holdings and SHIFT were among the biggest gainers.
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